The Care Team, a hospice and home health provider operating across Michigan, Pennsylvania, Texas and Massachusetts and a portfolio company of Revelstoke Capital Partners, has bought 1st Care Home Health and Care Hospice, regional home health and hospice providers based in Carmel, Ind.
1st Care Home Health was founded in 2012, and Care Hospice was founded in 2016. Both companies offer home health and hospice services to the greater Indianapolis area and surrounding counties. This transaction marks TCT’s fourth acquisition since partnering with Revelstoke. Select members of the 1st Care leadership team will continue in management roles with TCT.
“We are very excited about the opportunity to work with the 1st Care team in providing high-quality clinical care to patients in central Indiana,” says Jonny Miller, vice president at Revelstoke. “Key members of the seller group are continuing with TCT in a management capacity, which we believe will serve as the foundation of a strong regional leadership team necessary for success in a new market.”
Winston & Strawn LLP acted as legal counsel to the Care Team.